Media coverage of the oil spill’s effect on the Gulf focusing on tourist income lost by the waterfront towns – with footage of empty beaches, restaurants and T-shirt shops – dominates the news. Interviews with devastated business owners are heart rending. But they always end with references to somehow hanging on until “things get back to normal.” Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 13 August, 2010
This week, national attention was fixated on JetBlue flight attendant Steven Slater, whose bold, creative, and controversial exit strategy could revitalize his future prospects. Not nearly as noticed was the Federal Reserve's decision on Tuesday to avoid finding an exit strategy for its own never-ending career trap. Unfortunately, the Fed's choices affect our lives much more than Slater's. Full Story
By: Michael "Woody" O'Brien ChFC - 13 August, 2010
People who manufacture propaganda for a living have no better hammer in their tool box than fear. This is because we are hardwired to fear, with fight or flight impulses that are not easy to suppress with rational thought. Full Story
Two weeks ago, we've posted an essay in which we've analyzed i.a. the Euro Index. We've stressed that a slight move lower may be seen in the short-term, which will likely be coupled with a corresponding move higher in the USD Index. This is precisely what we have just witnessed, so without further introduction, we will let you know how low can it take the Euro Index and how big rally could we see in the USD Index. Full Story
By: The Gold Report and James West - 13 August, 2010
Midas Letter Editor James West is one of the sharpest minds in the gold business, and he puts his money where his mouth is. He owns gold equities, ETFs, coins and even a share of a private Peruvian mine. "Gold is the best investment at this time," he says, a thesis based on the "counterfeiting" of paper currencies and inevitable collapse of the global financial system. In this Gold Report exclusive, James suggests several ways to profit along the way. Full Story
By: Adam Hamilton, Zeal Intelligence LLC - 13 August, 2010
Precious-metals stocks really haven’t had a great summer by any means. After rallying initially in June, they started relentlessly drifting lower in July. The net result of this lackluster summer trading is a lethargic drift sideways. Naturally this listlessness has weighed on sentiment among this sector’s traders. Full Story
The powers that be are now starting to be shown what should be a very important lesson in the old saying: “You can fool all of the people some of the time and you can fool all of the people some of the time, but you can’t fool all of the people all of the time”. For a year and a half now, starting at a rather well defined point in time during early March 2009, the govermedia switched gears and pronounced that the shattered American economy was in recovery. Full Story
Q.E. is a Major Threat, but one which properly positioned Investors can use for profit. Just this past Tuesday, August 10, 2010 The Fed announced it would undertake a modest bit of Q.E. (Quantitative Easing) by using proceeds from its mortgage bond investments to buy U.S. Government Debt. Full Story
What made America great was her unsurpassed ability to innovate. Equally important was also her ability to rapidly adapt to the change that this innovation fostered. For decades the combination has been a self reinforcing growth dynamic with innovation offering a continuously improving standard of living and higher corporate productivity levels, which the US quickly embraced and adapted to. Full Story
It is interesting to note just how complex investment advisors and investors can make their market analysis. When it comes to analyzing the markets we do enjoy “chewing” on a lot of data, but often good old fashioned simplicity and common sense are the most effective strategy. Full Story
The primary focus of Understanding Money and War XIV at www.analysis-news.com is to describe and discuss in detail a very ancient writing attributed to Mayer Amschel Rothschild in the 18th century in which the document outlined a master plan on how Rothschild and his fellow cousin bankers could bring on a system whereby they could gain all of the wealth in the world and eventually bring on a world government which they alone would control. Full Story
By: Richard Daughty, The Mogambo Guru - 13 August, 2010
The jillions of dollars in municipal bonds issued by cities and states over the last half century are getting a lot of attention lately, mostly because a lot of people own municipal bonds, either directly or indirectly, and now cities and states seem to be sliding, sliding, sliding towards an obvious and unavoidable default, like everyone else, sort of like how my wife noticed my decades-long slide into lazy worthlessness and irritability, reducing my value as a husband and father to zero, thus wiping out all her stupid “investment” in me. Full Story
By: Gary Dorsch, Editor, Global Money Trends - 12 August, 2010
The US-economy has not experienced sustained deflation since the Great Depression of the 1930’s, when consumer prices fell 10% between 1929 and 1933. But Japan has been battling falling prices since 1995, – triggered by the bursting of the Nikkei-225 equity bubble, and a unrelenting slide in land prices. Central bankers and macro-economists from all corners of the earth have been studying Japan’s descent from its giddy economic prosperity in the 1980’s, and into the deflation trap in the 1990’s, that Tokyo’s financial warlords have still been unable to remedy. Full Story
The talk of a possible double dip is now common banter on TV investment programs. And indeed, deflationary forces seem to have the stronger grip right now than inflationary ones. So if deflation is the next reality we have to face, what happens to our favorite stock investments? Full Story
By: Brady Willett and Dr. Todd Alway - 12 August, 2010
The U.S. government bond market is the last of the great asset bubbles. We know this, first and foremost, because no one in any position of power in America is willing, and perhaps more precisely able, to enact the painful policies required to ever repay current/future obligations - and yet the market does not, as yet, seem to care. Full Story
The complex chart indicator known as a Hindenburg Omen occurred yesterday for the first time since the market lows of March 2009. This is a major chart indicator suggesting a market crash is imminent. Full Story
By: Richard Daughty, The Mogambo Guru - 12 August, 2010
Naturally, I started having pleasant daydreams about being rich, rich, rich after the Chinese government surprised me by announcing that it would finance the buying of foreign gold mines, and ordered their banks to set up big distributed systems for buying and selling gold at the retail and whole levels and all kinds of stuff like that. Wow! Full Story
We suspected years ago that the day would come when the Fed would have no more room to move. Administered interest rates were bound for zero, and once they got there easing would cease to be an option. Except that we were wrong. Now it turns out the Fed can, and will, ratchet up the desperation meter, already well into the red zone, to new and untold heights... Full Story
I took some stick over the past week for my predictions that the market was about to "come a cropper", in the Message to Wall St and Friday`s Candlestick Warnings articles. So it is gratifying to see markets plunging today, and US markets breaking down from their weakening uptrends to enter what is expected to a be phase of protracted and severe decline. Full Story
The article of July 22nd on "Smoking Guns of USTreasury Monetization" hit more desks, raised more dust, and brought more attention than expected to the grand fraud in progress using USGovt debt securities. The glaring actions continue without any hint of legal prosecution but deep foreign resentment among creditors as publicity mounts. Nobody appreciates counterfeit of the instruments held in great volume as supposed savings. The only counterfeit of honorable origin is of Microsoft products, since mostly stolen and surely not the output of in-house innovation. The problem is more diverse than just a JPMorgan bond fraud issue. Full Story
The only way to protect yourself against the risk of being boiled in a government pot is to keep some of your assets in another country. Depending on how you go about it, the specific benefits you might achieve are... Full Story
There are four major pieces to the ebb and flow of precious metals prices. All of them are as interrelated as much as they aren't, and all of them are equally important in the current prices of any precious metal. Let’s dissect the four pieces and explain the role each plays in today's market price. Full Story
By: Bob Chapman, The International Forecaster - 11 August, 2010
Well, it's just the same old, same old, business as usual in America. The Fed creates money out of thin air, uses it to keep the economy from teetering over the edge of destruction as ludicrous salaries and bonuses are collected by Wall Street Illuminists and as US consumers are deceptively informed that we have green shoots sprouting up and that recovery is just around the corner. Full Story
By: Marin Katusa, Chief Energy Strategist, Casey Research - 11 August, 2010
The Gulf of Mexico disaster has changed U.S. priorities, costs, and energy supply sources for years to come. But the fact that the U.S. needs energy isn’t changing anytime soon, and as mass sources of green energy are still a while away, the most likely alternative might be the most surprising one. Full Story
By: The Energy Report and John Licata - 11 August, 2010
Blue Phoenix Inc.'s Chief Commodity Strategist John Licata says BP's Deepwater Horizon accident in the Gulf of Mexico has already resulted in oily names acquiring gas names. It will soon result in more joint ventures as companies try to mitigate the risk of deepwater drilling. Full Story
By: Richard Daughty, The Mogambo Guru - 11 August, 2010
There was an editorial power struggle at Mogambo News Service over whether it was Big, Big News (BBN) or if it was Big Freaking News (BFN), or even if it was The Biggest Freaking News Of Your Life (TBFNOYL) that China has, officially through the People’s Bank of China, said that they have “seen the light” as concerns gold, and they see how gold is the only true money, and how worthless paper monies and computer blip monies are the Wrong Way To Go (WWTO), as evidenced by the Chinese merely looking at us Americans and what happened! Hahaha! Full Story
Folded into this week’s lively discussion of inflation/deflation was the notion that although Americans seem to live better now than they did fifty or sixty years ago, our parents and grandparents would be appalled to see how deeply in hock we’ve gone to enjoy the supposed good life. And if the standard of living has risen so impressively, why is it that the single-income, middle-class household of the Fifties could afford things that are barely within the reach of households today that are supported by two incomes? Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 10 August, 2010
Gold is still only $50 away from its record levels. The Fed is going back into Quantitative Easing because the “L” shaped recovery is threatening to turn into a double-dip recession. U.S. consumers are saving 6.4% of their income, before they saved only 1 to 2 %. Money velocity is threatening to slow, money supply is shrinking and deflation looming on the horizon. Full Story
There are three primary reasons why the US is suffering from structurally high unemployment: a pervasively irresponsible monetary policy, the continued attenuation of our manufacturing base, and an overleveraged consumer who must now reconcile his balance sheet. Full Story
Stockcharts.com.au says that if 100 people begin trading the market, after a year only 20 are in the black, and after five years, only 5% are in the black. I view that as likely an optimistic number. Secular bull markets totally distort the reality of the markets, most of which were designed by the banksters as wealth transfer mechanisms, from you to them. I think the numbers are more like 1 out a 1000. Full Story
Evidenced by Tuesday’s drubbing of gold and silver into COMEX (paper market) options expiry for the metals, which is an all too common occurrence that goes unchecked by regulators, it’s apparent the banking cartel’s resolve regarding suppressing metal’s prices is particularly strong at present, with the tell sign here being generous numbers of put owners got paid – paid big time. Full Story
By: David N. Vaughn, Gold Letter, Inc. - 10 August, 2010
Physical gold will continue to be an excellent insurance as the Fed crashes the US dollar. Its not as important how high gold may temporarily rise as the knowledge that it is going to maintain its rate of value while the stock market crashes. Full Story
As frustrating as the market’s would-be topping process has been of late, bears will take negative divergence where they can find it. While nominal HYG (highly speculative junk debt) is at new highs, its ratio to the relative quality of investment grade corporate bonds (LQD) is flashing a non-confirmation as this is a sign of smarter (less dumb?) money slinking toward the sidelines of the speculation trade. Full Story
By: Steven Saville, Speculative Investor - 10 August, 2010
Towards the end of 2008 and during the first two months of 2009, we laid out our case for the second great depression of the past 100 years. In a nutshell, our thinking was that there are two fundamental prerequisites for a depression within a semi-free economy, these being a massive credit bubble and a concerted effort by the government to prevent the corrective process from running its natural course after the bubble bursts. Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 10 August, 2010
If recent economic data and currency movements can be considered votes of confidence, then the Stimulators should be sweating. Moreover, these recent signals should provide economic analysts and investors with a road map for the future. Full Story
By: Richard Daughty, The Mogambo Guru - 10 August, 2010
I was looking at July’s slide in the price of gold and silver versus the rise in the prices of equities through, in a surprising literary turn of phrase, the prism of insane fiscal and monetary policies, and wondering to myself “What is that supposed to mean, prism? And does it mean that the doctor still doesn’t have my medications adjusted correctly, and soon I will again be hearing voices in my head saying, ‘Burn! Burn everything!’?” Full Story
By: The Gold Report and John Licata - 9 August, 2010
"It's no longer just an energy market. It's no longer just a metals market. It's just one commodities market," says John Licata, chief commodity strategist at Blue Phoenix, Inc. John thinks that the lines between commodities will continue to blur as companies diversify their metals and minerals holdings. He also thinks gold will approach $1,375 by year-end, and that a major uranium producer will soon be snapped up by Asian interests. It's all in this exclusive interview with The Gold Report. Full Story
Uranium is commonly known as “the other yellow metal,” because the uranium oxide concentrate produced by early mines and mills was a bright yellow, coarse powder called “yellowcake.” However, there is now good reason to consider uranium “green.” Nuclear power plants produce electricity with only a minute amount of greenhouse gases. Full Story
In one of our previous essays entitled The Strength of Reaction and Precious Implications we have analyzed the general stock market and the way it could influence gold, silver, and mining stocks. We have summarized that we are likely to see a short-term bounce to the upside. Now - with gold over $40 higher - we would like to provide you with a follow-up of that particular essay. Full Story
By: Frank Holmes, U.S. Global Investors Inc. - 9 August, 2010
Global economic conditions are now favorable for gold as a safe-haven investment. The U.S., Western Europe and Japan are close to buckling under the weight of their sovereign debt loads, government budget deficits remain large and persistent and, as a result, faith in major paper currencies is low. Full Story
One hears much discussion of hyperinflation on the gold web sites. It is a worst case scenario and used to alarm and excite. It is used to designate a period when prices are rising very rapidly, the favorite example being Germany of 1914-23, and during this time prices rose by very close to one trillion times. Full Story
The race to the bottom for fiat currencies is being hard fought by all involved. No one wants to be the first to reach the bottom but they all have to play somewhat nice as once one or two currencies go under it will likely start a rapid cascade that will soon see most of the major currencies quickly collapse. For a while everyone tried to play nice but there are now significant cracks showing in the public facade of togetherness. Full Story
By: Lorimer Wilson and Jeff Nielson - 9 August, 2010
The U.S. is in an untenable position - between a rock and a hard place - in an inescapable debt trap - where the options are, at best, dire – either hyperinflation or a deflationary depression! It would seem that all we can do is ride out the storm in a boat laden with gold”. Full Story
It seems pretty clear to us Vultures that the Chinese, who hold just under $900 billion in U.S. debt, are convinced that the United States has a huge incentive to reduce its debt burden by inflating (devaluing) the greenback over time. Full Story
Adding fuel to our recent discussion of deflation is the latest dispatch from Ambrose Evans-Pritchard, the only big-league journalist we know of who seems to have recognized all along that it is not inflation we should have feared, but deflation. “Don’t be fooled,” he wrote recently in the U.K. Telegraph. Full Story
Steve Forbes, How Capital Will Save Us & Forbes.com Jason Kelly, Best Selling Author Peter Schiff, Euro Pacific Keith Schaefer, The Oil & Gas Investments Bulletin Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 8 August, 2010
Since the demise of the Gold Standard, monetary authorities have tried as many ways as possible out there to sideline gold as part of the monetary system. Since the early eighties they have succeeded to some extent, but this was by discrediting it and by emphasizing the benefits of paper currencies. Full Story
By: Bob Chapman, The International Forecaster - 8 August, 2010
It was only a month ago that the Dow closed at 9686. From there it started to move back up again as insiders learned of the Fed’s plan to inject $5 trillion into the economy over the next two years. The result has been a run up to 10,674. We figured out what the Fed was up to, but most everyone else did not. Full Story
By: John Mauldin, Millennium Wave Advisors - 8 August, 2010
Sadly, I find myself with more than enough time to compose yet another Thoughts from the Frontline in an airport, as a flight booking error has me at JFK for six hours instead of fishing in Maine. Details for those interested or amused at the end. But it does allow me to offer you a peek into a very sobering report on how badly underfunded public pension are. Full Story
If Marc Faber had to choose one asset class for the next 10 years it woud be gold. Cash and US treasuries would be be his least preferred decennial investment. US equities would be a reasonable choice for wealth protection, though not necessarily grow much when adjusted for inflation. Full Story
By: Richard Daughty, The Mogambo Guru - 8 August, 2010
The good news, in the face of all of this terrible calamity, is that you can still buy gold, silver and oil at bargain-basement prices, because at the rate that the terrifying Obama administration and the profoundly incompetent and corrupt Congress are spending money, and at the rate the Federal Reserve is creating the money to finance the spending, inflation in consumer prices is on its way, and these low prices won’t last long! Full Story
This coming week will be very important as the US Fed meets to discuss interest rates. Chances are near 100% that they will remain in the current range but what is important is that they are likely to announce some sort of second quantitative easing program, adopting Buzz’s phrase, only applying it to money printing. Full Story
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